Stocks moved mostly lower over the course of the trading session on Wednesday, giving back ground after trending higher over the past several sessions. The major averages all moved to the downside, with the Dow showing a notable slump.
Bangladeshi Foreign Minister Khalilur Rahman has been elected as the President of the UN General Assembly's 81st session. He defeated Andreas Kakouris of Cyprus in a closely contested vote on Tuesday, positioning himself to steer the world body through a pivotal year marked by intensifying global crises, UN reform efforts and major leadership transitions. In a secret-ballot election, Rahman secur
After trending higher over the past several sessions, stocks are giving back some ground during trading on Wednesday. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued. Currently, the major averages are off their lows of the session but still in the red.
A report released by the Commerce Department on Wednesday showed a substantial increase in new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders soared by 4.8 percent in April after jumping by an upwardly revised 1.8 percent in March. Economists...
The Energy Information Administration released a report on Wednesday showing a significant decrease in U.S. crude oil inventories in the week ended May 29th. The report said crude oil inventories tumbled by 8.0 million barrels last week after falling by 3.3 million barrels in the previous week. Economists...
The Institute for Supply Management released a report on Wednesday showing its reading on U.S. service sector activity increased by more than expected in the month of May. The ISM said its services PMI rose to 54.5 in May from 53.6 in April, with a reading above 50 indicating growth. Economists had expected the index to tick up to 53.7.
Destination XL Group, Inc. (DXLG) reported loss for the first quarter on Wednesday, wider than the prior year loss, as sales at the Big + Tall menswear retailer fell. On the Nasdaq, shares of Destination XL are currently gaining 4.80 percent, changing hands at $0.7262. Shares of Destination XL...
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May. ADP said private employment shot up by 122,000 jobs in May after increasing by a downwardly revised 105,000 jobs in April.
The Scotts Miracle-Gro Company (SMG) has reaffirmed its annual guidance, citing its current performance. For fiscal 2026, the company still expects adjusted profit from continuing operations of $4.15 per share to $4.35 per share. For fiscal 2025, the company had reported adjusted income of $3.74 per...
Raytheon, an RTX Corp. (RTX) business, announced Wednesday it has been awarded a $515 million contract from the U.S. Navy for the SPY-6 family of radars. The contract is a follow-on to the Integration and Production Support contract, which was awarded in June 2025, and includes upgrading Flight IIA...
After inching higher over the past few sessions, stocks may give back some ground in early trading on Wednesday. The major index futures are currently pointing to a modestly lower open for the markets, with the S&P 500 futures down by 0.2 percent. Uncertainty about the situation in the Middle East...
A study published in CDC's Emerging Infectious Diseases journal Tuesday highlights a growing concern for adverse outcomes from patients who have traveled abroad to undergo cosmetic procedures. The findings underscore the need for patients considering medical procedures abroad to fully understand the...
Wednesday, MSCI Inc. (MSCI) announced the appointment of Kashi Kakarla as Chief Technology Officer and Head of Product Engineering, effective June 22. Most recently, he led technology and engineering for the Intuit Small Business Platform. At MSCI, Kakarla will lead product technology and engineering...
Biopharmaceutical company Arcus Biosciences, Inc. (RCUS) announced Wednesday a clinical trial collaboration and supply agreement with Bristol Myers Squibb (BMY). Under the agreement, Arcus will supply casdatifan, the company's investigational small-molecule HIF-2a inhibitor, to be evaluated as part...
Waters Corporation (WAT) on Wednesday said the BD BACTEC FXI Culture System has received U.S. Food and Drug Administration 510(k) clearance. The BD BACTEC FXI Culture System is a next-generation, fully automated blood culture system designed to improve the speed, consistency, and accuracy of bloodstream...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.